China commits to $17 billion in annual U.S. farm buys (opens in new tab)

China committed to buy at least $17 billion of U.S. agricultural products annually in 2026, 2027 and 2028, the White House said in a fact sheet released after meetings last week between President Trump and Chinese President Xi Jinping during Trump’s two-day visit to China. The White House said the total does not include soybean purchase commitments China made in October 2025. China’s Ministry of Commerce had said earlier that the two countries would adopt measures including mutual tariff cuts...